Wednesday, June 19, 8:05 AM
Honda (HMC) agrees to pay $580M to settle a lawsuit filed by the U.S. government over engines which allegedly violated emissions standards.
Comment![Consumer, Global & FX]
Wednesday, June 19, 7:02 AM
Smog-infested Shijiazhuangn in China announces a plan to limit automobile sales of new vehicles to 100K this year and only allow households to to own at most two cars in an effort to improve air quality. Automobile analysts think more cities in China could be forced to limit the growth of automobiles due to worsening air pollution. The measures could put the brakes on some of the most ambitious plans of automakers (F, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK, DDAIF.PK) for the country.
5 Comments[Consumer, Global & FX]
Friday, June 14, 10:10 AM
The Big Three (GM, F, FIATY.PK) automakers are lobbying hard for continued tariffs on Japanese cars, according to Nikkei. The existing import tariffs in the U.S. on Japanese automakers (TM, HMC, NSANY.OB, MZDAY.PK, SZKMY.PK) have been a key negotiating point in recent trade talks and proposed agreements.
2 Comments[Consumer]
Friday, June 14, 7:06 AM
Honda (HMC) says it will delay producing electric vehicles in China as it waits to find a source for cheaper parts. The automaker indicates production will start within the next three years.
Comment![Consumer, Global & FX]
Thursday, June 13, 11:07 AM
Thumbing its nose at the recent collapse in the Nikkei, Nomura boosts its year-end target for the index to 18K from 16K. "The full impact of Abenomics on capex and household incomes has yet to be felt." Among the individual stocks set to benefit are Toyota (TM) and Honda (HMC).
2 Comments[Global & FX]
Thursday, June 13, 8:50 AM
Honda (HMC) recalls 18K cars in order to address potential issues with brakes. Acura RSX and S2000 models from model years 2006 and 2007 are affected by the recall.
Comment![Consumer, Global & FX]
Tuesday, June 11, 7:57 AM
Forecasts for U.S. auto sales this year keep edging higher with both LMC Automotive and IHS Automotive now calling for a 16M unit year. Japanese automakers (TM, NSANY.OB, HMC) are expected to post double-digit sales growth in Q3 while analysts see Ford (F) and General Motors (GM) keeping up their steady pace led by renewed demand for pickups.
2 Comments[Consumer]
Monday, June 10, 8:14 AM
The NHTSA says it's investigating Honda (HMC) minivans after receiving complaints about air bags which inflate without a crash. The probe will focus on circuit boards made by TRW Automotive (TRW).
Comment![Consumer]
Thursday, June 6, 11:06 AM
Auto sales in Brazil slipped 5.2% M/M in May but still showed 10% improvement from a year ago. The market in Brazil is being closely watched by major automakers (HMC, TM, GM, VLKAY.PK) because consumer-friendly tax cuts have provided a demand boost which they hope won't peter out.
1 Comment[Consumer, Global & FX]
Wednesday, June 5, 7:29 AM
Electric vehicle sales appear to have picked up significantly after some automakers dropped their lease rates. Honda (HMC) and Toyota (TM) dealers in California report limited supply while Fiat's (FIATY.PK) new 500e has a growing waiting list of buyers. It's a tough pickle for some of the automobile companies to be in as the surge in interest comes at price points which leave them in the red.
Comment![Consumer]
Monday, June 3, 2:13 PMHonda (HMC) May U.S. sales: +4.5% to 140,013 vehicles. Honda division +5.2% to 125,649: Accord +11.7% to 33,218, Civic -9.6% to 30,268, CR-V +8.4% to 27,298, Fit +20.3% to 4,667. Acura division -1.5% to 14,364. Total cars +1.8% to 75,618; trucks +7.8% to 64,395. (PR)
Comment![Consumer]
Friday, May 31, 5:43 PM
New U.S. auto sales are expected to reach 1.42M in May, rising 6.5% Y/Y and 11% from April, according to Edmunds.com, as May sales "chased away any of last month's concerns that the auto recovery is stalling." Among U.S. auto makers, Edmunds expects GM sales to rise 1.9% Y/Y and Ford (F) to jump 13%. Projections for Japanese firms: Nissan (NSANY.OB) +20%, Honda (HMC) +1.7%, Toyota (TM) -0.2%.
6 Comments[Consumer, U.S. Economy]
Friday, May 31, 7:49 AM
The NHTSA sets new guidelines for self-driving cars including a safeguard that they can be taken over by a human driver in the case of a malfunction. So far, Google and Audi (VLKAY.PK) are at the forefront of the new technology, although almost every major automaker (GM, F, TMHMC, FIATY.PK, NSANY.OB) has been dabbling with the concept due to the long-term potential existing that some forms of mass transit (taxis, buses, shuttles) could be replaced with self-driving models.
2 Comments[Consumer]
Thursday, May 30, 8:06 AM
Japanese automakers (HMC, TM, NSANY.OB, MZDAY.PK, SZKMY.PK) will localize themselves in China in order to help restore sales in the nation, according to a Nikkei headline. The group saw sales plummet last fall due to anti-Japan sentiment while GM and Ford carved out significant market share gains through their local joint ventures.
2 Comments[Consumer, Global & FX]
Thursday, May 30, 7:45 AM
Honda (HMC) plans to drop the lease price for its Fit EV to as low as $259 per month to respond to a price cut from Nissan (NSANY.OB) on its Leaf EV. The automaker also says it will expand its network of certified EV dealers to more than 200 showrooms from 36.
Comment![Consumer, Global & FX]
Friday, May 24, 1:25 PM
Japanese automakers (TM, HMC, NSANY.OB, MZDAY.PK, SZKMY.PK) could see the tide turning in China as consumer demand continues to pick up. Even with rhetoric and military exercises over the islands in the East China Sea continuing, new data shows 16K cars were shipped from Japan to China in April - 3X what was exported last Oct. when the flareup started - and Japanese brands now account for 16% of the market after dipping to as low as 7%. The big picture: Though the overall pie keeps getting larger, General Motors (GM -0.1%) and Ford (F +0.1%) would just as soon that the Japanese automakers keep their slice of the China auto market small.
2 Comments[Consumer, Global & FX]
1980XLS-2.0: Pick-ups have high profit margins, but sales have yet to bounce. If construction recovers, P/U sales will increase.
10/3/12
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The_American GM is requiring additional lines of credit. Same gang running it TMHMC . Put Elon Musk from TSLA to run it AONEQ.PKKWT not even 10k Volt sold
nsahbti: It's a possibility, will not compete with Volt. On the other hand, Elon has a brand new robotic line for the S
9/20/12
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The_American TSLA and their technology is the future and auto sales come out next week with GMFHMCTM which had a rough ride and a bounce with a HDGE
7/1/12
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DaLatin: I'm 87 & there were ok electric cars before me.I see in the ME & all over LA local mechanics convert cars & taxies 4 about $150s.N gas wins
7/1/12
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The_American: I do not disagree UNG will certainly play a vital role but in 30 years from now g-d help us all if we are still using the combusting engine
7/2/12
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Michael Bryant As gas prices rise, people will move back to smaller & more fuel efficient cars which is good for Toyota (TM), Honda (HMC), and auto sales.